NEUTRALITY Definition

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NEUTRALITY, in an economic model, is where money is said to be neutral in the model if changes in the level of nominal money have no effect on the real equilibrium.

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PERCENTAGE DESIGN, in construction, is the percentage expended for design and construction management services in proportion to total construction.

PROJECTION is an approximation of future events. Usually a projection is made by extrapolating known information into the future period, considering events that could affect the outcome. See FORECAST, BUDGET.

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